This listing includes AI condition scoring, neighbourhood intelligence, and market valuation data — giving you a complete picture before you visit. Compare rental yield, price per square metre, and location strength against the broader Portuguese market to assess whether this property fits your investment strategy.
2-bedroom, 2-bathroom apartment of 162 m² on the 8th floor, built in 2007, energy rating E. Located Portimão parish, Portimão municipality, Faro district. Noteworthy Features: The property benefits from a large garage and features a hydromassage bathtub in the master bathroom, enhancing both convenience and luxury for residents.
The valuation. The asking price of €399,000 sits below the fair value of €453,266, representing a discount of €54,266 (12.0%). This property is currently underpriced based on its market potential.
Fair value modelled at €453,266 from 6 comparable sales in the area. Asking €399,000 sits €54,266 (12.0%) below — the upside to fair value.
Asking €399,000 versus the Portimão, Portimão, Faro area baseline of €387,244 (€2,390/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 is above the parish average, lifting fair value versus a typical-condition unit.
Recent nearby listings price above the wider parish average — a hyper-local premium distinct from the parish baseline.
Base gap of €387,244, adjusted for condition and micro-location, gives a modelled fair value of €453,266 (€2,798/m²), a €54,266 (12.0%) gap versus the €399,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · b329a4 | Subject | €399,000 | €2,463 | — | 73 | 69 |
| rua Frei Manuel Sepúlcro | Active | €295,000 | €3,172 | 28.8% | 78 | 72 |
| Portimão · dc1466 | Active | €310,000 | €3,131 | 27.1% | 78 | 74 |
| rua Frei Manuel Sepúlcro | Active | €275,000 | €2,957 | 20.1% | 73 | 62 |
| rua Dom Afonso V, 3 | Active | €550,000 | €2,466 | 0.1% | 75 | 73 |
| Median comp | €302,500 | €3,044 | 23.6% | 77 | 73 |
Short-term vacation rental With a fair value exceeding the listing price by 12.0%, this 2-bed apartment in Portimão presents an appealing opportunity for short-term vacation rentals in a tourist-rich location. The gross yield of 3.8% adds to its attractiveness, catering well to seasonal visitors seeking quality accommodations. Buy-and-hold Investing in this property allows for both immediate rental income and long-term appreciation, given its fair value of €453,266 compared to the listing price. The healthy demand driven by the Algarve's appeal suggests the potential for a stable return on investment over time, despite the property’s moderate condition and neighborhood ratings. Family rental This apartment in Portimão, while subvalorizada, offers a solid option for family rentals due to its spacious layout and favorable price point relative to fair value. Additionally, the local amenities and family-friendly environment can attract long-term tenants seeking stability in their housing arrangements.
Economic Vulnerability The economic stability score of 56/100 indicates a potential risk of downturns, which could impact rental income and property values.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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